Crypto news

[PRESS RELEASE – Please Read Disclaimer] PrimeXBT, a global multi-asset platform offering a comprehensive suite of trading products and cryptocurrency services, has announced the company was the recipient of the “Most Trusted Crypto-Asset Trading Platform” award at Crypto Expo Dubai 2022. PrimeXBT Honored With “Most Trusted Crypto-Asset Trading Platform Award From October 5th through 6th, PrimeXBT was live in attendance at the annual Crypto Expo Dubai conference in Dubai...

News has come about that the non-fungible token (NFT) marketplace has experienced a huge lapse in trading. So much, in fact, that it’s down roughly 97 percent from its all-time high recorded in January of this year. That means in just under ten months, the world of non-fungible tokens has practically become non-existent. The NFT Space Is Burning This cannot simply be attributed to the general collapse of the crypto market. It’s one thing to say BTC and ETH are suffering,...

Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.According to reports, Lee Jung-hoon, the de facto owner of the South Korean bitcoin exchange Bithumb, is now facing an 8-year jail sentence.The owner who is also a former chairman of Bithumb Holdings is accused of committing a large-scale fraud worth around 100 billion won ($70 million). Lee was indicted by South Korean prosecutors in July 2021...

Coinbase’s institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.On Monday, October 24, crypto exchange Coinbase announced that the MakerDAO governance has finally voted in favor of the proposal to custody $1.6 billion worth of MarkerDAO’s USD Coin (USDC) treasury.In return, Coinbase’s institutional-grade service will allow the DAO to earn up to 1.5% of the rewards of the funds. This is for the first time that Coinbase is expanding its USDC rewards...

For the World Cup event that will start on November 20 in Qatar, FIFA has named Crypto.com as its official exchange partner while Algorand, a Proof-of-Stake (PoS) blockchain protocol, has been tapped as a blockchain partner for the event.With the FIFA World Cup less than a month away, the fan tokens of National Football teams have been recording a massive slump, signifying sentiments for the countries who have these tokens and will be participating in the Mundial.According to data from the...

WhatsApp says its services have been restored after an outage that impacted millions of its users across the globe.Popular instant messaging platform WhatsApp has restored services following a major outage. On Tuesday, the Meta-owned cross-platform instant messenger suffered a global outage that affected millions of its users. Following a string of user complaints regarding sending and receiving messages, Meta also later confirmed the downtime, saying: “We’re aware that some people are...

Noch bevor Elon Musk den Staffelstab offiziell übernimmt, kommen Gerüchte auf, dass Twitter an einer Crypto-Wallet arbeitet. Bereits Jack Dorsey war dafür bekannt, den Crypto-Markt auf der Social Media Plattform einbinden zu wollen. Crypto News: Twitter arbeitet an Crypto-WalletDie Meldung kommt allerdings nicht von offizieller Seite und wurde von Twitter weder bestätigt noch verneint. Jedoch kommt sie von einem Developer, der bereits in der Vergangenheit zuverlässige Insider-Meldungen...

Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has reaffirmed that Ethereum, the second-biggest cryptocurrency in the crypto market, is a commodity.Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24,...

The veteran trader is not overly enthusiastic about the prospects of BTC until maybe after 32 months or thereabout.Veteran trader Peter Brandt has given a hint of what to expect of the world’s leading cryptocurrency Bitcoin (BTC) over the next few years. The respected trader spoke on CoinDesk’s “First Mover” program on Monday about the current state of the crypto, and its expected price movement in the next few months, among many other topics.Firstly, Peter Brandt admitted that BTC is...

The lower performance in UBS’s equity derivatives, cash equities, and financing revenue all dragged the investment banking unit to record a 19% slump in its revenues.Swiss multinational investment bank and financial services company UBS Group AG (SWX: UBSG) has posted lower revenue in its third quarter compared to its performance in the year-ago period.The company posted revenue of $8.3 billion as against the $9.1 billion it reported in the year-ago period. UBS said its net income for the...